Explain media reporting

Hon Hai Precision Industry Co Ld

01 June 2023

 

Subject: Explain media reporting

Date of events:2023/06/01

Contents:

1.Date of occurrence of the event:2023/06/01

2.Company name: Hon Hai Precision Ind. Co. Ltd.

3.Relationship with the Company (please enter "the company itself" or "subsidiaries"):the company itself

4.Reciprocal shareholding percentage: NA

5.Name of the reporting media: Commercial Times

6.Content of the report:

The government is likely to tell the venture between Agarwal's Vedanta Resources Ltd. and Taiwan's Hon Hai Precision Industry Co. it won't get incentives to make 28-nanometer chips, people familiar with the matter said. The venture has applied for such assistance, potentially worth billions of dollars, but hasn't met the criteria set by the government.

7.Cause of occurrence: NA

8.Countermeasures:

Hon Hai is communicating and discussing with the Indian government about its application for creating a 28-nanometer chip joint venture in the country. If there is any information to be disclosed publicly going forward, the company will do so according to regulatory requirements.

9.Any other matters that need to be specified: None

 

END